Pinnacle Cash And Equivalents vs Capital Stock Analysis

PNW Stock

USD 73.69 0.51 0.69%

Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Cash And Equivalents and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Cash And Equivalents vs Capital Stock

Cash And Equivalents vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Cash And Equivalents account and Capital Stock. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Pinnacle West's Cash And Equivalents and Capital Stock is -0.1. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Cash And Equivalents and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Pinnacle West Capital are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Cash And Equivalents i.e., Pinnacle West's Cash And Equivalents and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Equivalents

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to climb to about 111.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 151.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	1.7B	1.8B	1.8B
Total Revenue	3.8B	4.3B	4.7B	3.1B

Gross Profit Total Revenue

Pinnacle West fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Common Stock Shares Outstanding		0.67	0.3	0.83	0.59	0.77	0.7	0.3	0.75	0.66	-0.26	0.67	-0.26	-0.26	0.64	0.34	0.61	0.5	0.46	-0.66	0.62	0.4	0.55	0.18	0.96	-0.93
Total Assets	0.67		0.7	0.92	0.79	0.98	1.0	0.7	0.98	0.88	-0.28	1.0	-0.23	-0.28	0.81	0.57	0.99	0.73	0.67	-0.57	1.0	0.73	0.89	0.32	0.85	-0.81
Short Long Term Debt Total	0.3	0.7		0.53	0.61	0.62	0.68	1.0	0.64	0.72	-0.35	0.69	-0.17	-0.35	0.69	0.37	0.71	0.96	0.71	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Other Current Liab	0.83	0.92	0.53		0.75	0.97	0.94	0.53	0.96	0.79	-0.28	0.93	-0.26	-0.28	0.72	0.67	0.88	0.65	0.7	-0.77	0.89	0.59	0.75	0.24	0.94	-0.87
Total Current Liabilities	0.59	0.79	0.61	0.75		0.76	0.8	0.61	0.76	0.85	-0.47	0.78	-0.13	-0.47	0.82	0.44	0.73	0.7	0.65	-0.45	0.79	0.65	0.79	0.68	0.7	-0.68
Total Stockholder Equity	0.77	0.98	0.62	0.97	0.76		0.99	0.62	1.0	0.84	-0.29	0.98	-0.3	-0.29	0.76	0.61	0.96	0.69	0.67	-0.67	0.96	0.66	0.81	0.26	0.92	-0.85
Property Plant And Equipment Net	0.7	1.0	0.68	0.94	0.8	0.99		0.68	0.99	0.87	-0.3	1.0	-0.23	-0.3	0.81	0.59	0.98	0.72	0.67	-0.61	0.99	0.7	0.88	0.31	0.87	-0.82
Net Debt	0.3	0.7	1.0	0.53	0.61	0.62	0.68		0.64	0.72	-0.36	0.69	-0.17	-0.36	0.69	0.37	0.71	0.96	0.71	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Retained Earnings	0.75	0.98	0.64	0.96	0.76	1.0	0.99	0.64		0.85	-0.28	0.99	-0.3	-0.28	0.77	0.6	0.96	0.69	0.67	-0.65	0.97	0.67	0.82	0.27	0.91	-0.85
Accounts Payable	0.66	0.88	0.72	0.79	0.85	0.84	0.87	0.72	0.85		-0.34	0.87	-0.2	-0.34	0.89	0.27	0.85	0.78	0.55	-0.38	0.88	0.78	0.91	0.52	0.77	-0.84
Cash	-0.26	-0.28	-0.35	-0.28	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34		-0.28	-0.18	1.0	-0.44	-0.33	-0.24	-0.44	-0.29	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Non Current Assets Total	0.67	1.0	0.69	0.93	0.78	0.98	1.0	0.69	0.99	0.87	-0.28		-0.24	-0.28	0.79	0.58	0.99	0.72	0.67	-0.58	0.99	0.71	0.87	0.3	0.85	-0.8
Non Currrent Assets Other	-0.26	-0.23	-0.17	-0.26	-0.13	-0.3	-0.23	-0.17	-0.3	-0.2	-0.18	-0.24		-0.18	-0.07	-0.22	-0.21	-0.15	-0.26	0.32	-0.21	-0.13	-0.1	-0.07	-0.28	0.34
Cash And Short Term Investments	-0.26	-0.28	-0.35	-0.28	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34	1.0	-0.28	-0.18		-0.44	-0.33	-0.24	-0.44	-0.29	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Net Receivables	0.64	0.81	0.69	0.72	0.82	0.76	0.81	0.69	0.77	0.89	-0.44	0.79	-0.07	-0.44		0.38	0.78	0.77	0.48	-0.46	0.82	0.76	0.94	0.54	0.72	-0.79
Common Stock Total Equity	0.34	0.57	0.37	0.67	0.44	0.61	0.59	0.37	0.6	0.27	-0.33	0.58	-0.22	-0.33	0.38		0.55	0.43	0.57	-0.88	0.55	0.38	0.42	0.15	0.48	-0.35
Non Current Liabilities Total	0.61	0.99	0.71	0.88	0.73	0.96	0.98	0.71	0.96	0.85	-0.24	0.99	-0.21	-0.24	0.78	0.55		0.71	0.64	-0.53	0.99	0.73	0.9	0.26	0.8	-0.77
Inventory	0.5	0.73	0.96	0.65	0.7	0.69	0.72	0.96	0.69	0.78	-0.44	0.72	-0.15	-0.44	0.77	0.43	0.71		0.72	-0.54	0.74	0.97	0.78	0.76	0.59	-0.67
Other Current Assets	0.46	0.67	0.71	0.7	0.65	0.67	0.67	0.71	0.67	0.55	-0.29	0.67	-0.26	-0.29	0.48	0.57	0.64	0.72		-0.6	0.66	0.69	0.54	0.58	0.57	-0.55
Other Stockholder Equity	-0.66	-0.57	-0.39	-0.77	-0.45	-0.67	-0.61	-0.39	-0.65	-0.38	0.39	-0.58	0.32	0.39	-0.46	-0.88	-0.53	-0.54	-0.6		-0.53	-0.45	-0.43	-0.22	-0.7	0.62
Total Liab	0.62	1.0	0.72	0.89	0.79	0.96	0.99	0.72	0.97	0.88	-0.28	0.99	-0.21	-0.28	0.82	0.55	0.99	0.74	0.66	-0.53		0.74	0.91	0.33	0.81	-0.78
Property Plant And Equipment Gross	0.4	0.73	0.98	0.59	0.65	0.66	0.7	0.98	0.67	0.78	-0.46	0.71	-0.13	-0.46	0.76	0.38	0.73	0.97	0.69	-0.45	0.74		0.82	0.71	0.52	-0.61
Total Current Assets	0.55	0.89	0.77	0.75	0.79	0.81	0.88	0.77	0.82	0.91	-0.34	0.87	-0.1	-0.34	0.94	0.42	0.9	0.78	0.54	-0.43	0.91	0.82		0.46	0.69	-0.76
Short Term Debt	0.18	0.32	0.72	0.24	0.68	0.26	0.31	0.72	0.27	0.52	-0.51	0.3	-0.07	-0.51	0.54	0.15	0.26	0.76	0.58	-0.22	0.33	0.71	0.46		0.2	-0.3
Common Stock	0.96	0.85	0.44	0.94	0.7	0.92	0.87	0.44	0.91	0.77	-0.29	0.85	-0.28	-0.29	0.72	0.48	0.8	0.59	0.57	-0.7	0.81	0.52	0.69	0.2		-0.94
Current Deferred Revenue	-0.93	-0.81	-0.53	-0.87	-0.68	-0.85	-0.82	-0.53	-0.85	-0.84	0.22	-0.8	0.34	0.22	-0.79	-0.35	-0.77	-0.67	-0.55	0.62	-0.78	-0.61	-0.76	-0.3	-0.94

Click cells to compare fundamentals

Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	112.8M	112.9M	113.2M	113.4M	113.8M	105.8M
Total Assets	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Short Long Term Debt Total	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Other Current Liab	739.6M	749.7M	779.1M	793.3M	852.5M	548.6M
Total Current Liabilities	2.1B	1.4B	1.8B	1.8B	2.9B	1.4B
Total Stockholder Equity	5.4B	5.6B	5.9B	6.0B	6.2B	4.1B
Property Plant And Equipment Net	14.4B	15.4B	16.6B	17.4B	19.0B	10.5B
Net Debt	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Retained Earnings	2.8B	3.0B	3.3B	3.4B	3.5B	1.8B
Accounts Payable	346.4M	318.6M	393.1M	430.4M	442.5M	311.4M
Cash	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Non Current Assets Total	17.4B	18.8B	20.5B	21.0B	22.7B	12.9B
Non Currrent Assets Other	97.0M	92.9M	97.9M	1.9B	1.9B	1.1B
Cash And Short Term Investments	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Net Receivables	408.1M	432.8M	508.1M	608.3M	659.3M	448.5M
Common Stock Total Equity	2.6B	2.7B	2.7B	2.7B	3.1B	2.1B
Liabilities And Stockholders Equity	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Non Current Liabilities Total	10.8B	12.9B	14.2B	14.8B	15.5B	8.4B
Inventory	345.9M	334.3M	367.2M	450.6M	493.5M	518.2M
Other Current Assets	195.0M	192.5M	214.3M	138.4M	264.0M	227.7M
Other Stockholder Equity	(9.4M)	(6.3M)	(6.4M)	(5.0M)	(8.2M)	(7.8M)
Total Liab	12.9B	14.3B	16.0B	16.6B	18.4B	9.8B
Property Plant And Equipment Gross	14.4B	15.4B	24.5B	25.7B	27.8B	29.2B
Total Current Assets	1.0B	1.2B	1.6B	1.8B	1.9B	1.1B
Accumulated Other Comprehensive Income	(57.1M)	(62.8M)	(54.9M)	(31.4M)	(33.1M)	(34.8M)
Short Term Debt	927.4M	243.8M	542.4M	496.6M	1.6B	1.6B
Common Stock	2.7B	2.7B	2.7B	2.7B	2.8B	2.4B
Current Deferred Revenue	64.9M	48.3M	42.3M	41.8M	42.0M	73.5M
Other Liab	6.0B	6.2B	6.6B	6.4B	7.4B	7.8B
Other Assets	2.9B	3.3B	3.7B	3.3B	3.8B	4.0B
Long Term Debt	4.8B	6.3B	6.9B	7.7B	7.5B	4.3B
Property Plant Equipment	14.5B	15.2B	16.0B	2.7B	3.1B	2.9B
Treasury Stock	(4.8M)	(9.4M)	(6.3M)	(6.4M)	(5.8M)	(6.0M)
Intangible Assets	290.6M	282.6M	273.7M	258.9M	267.1M	174.7M
Noncontrolling Interest In Consolidated Entity	125.8M	122.5M	119.3M	115.3M	132.5M	95.8M
Retained Earnings Total Equity	2.6B	2.8B	3.0B	3.3B	3.8B	2.0B
Deferred Long Term Liab	1.3B	1.1B	1.2B	1.3B	1.5B	934.3M

Pinnacle West Investors Sentiment

The influence of Pinnacle West's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Pinnacle. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Pinnacle West's public news can be used to forecast risks associated with an investment in Pinnacle. The trend in average sentiment can be used to explain how an investor holding Pinnacle can time the market purely based on public headlines and social activities around Pinnacle West Capital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Pinnacle West's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Pinnacle West's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Pinnacle West's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Pinnacle West.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pinnacle West in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pinnacle West's short interest history, or implied volatility extrapolated from Pinnacle West options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pinnacle West Capital using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

When determining whether Pinnacle West Capital is a strong investment it is important to analyze Pinnacle West's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pinnacle West's future performance. For an informed investment choice regarding Pinnacle Stock, refer to the following important reports:

How To Invest In Pinnacle

Details

Is Pinnacle Stock a good investment?

Details

What is Pinnacle West's Net Worth?

Details

Largest Electric Utilities Companies

View

Largest Utilities - Regulated Electric Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Pinnacle Stock analysis

When running Pinnacle West's price analysis, check to measure Pinnacle West's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.

	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments

Is Pinnacle West's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pinnacle West. If investors know Pinnacle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pinnacle West listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.215

Dividend Share

3.475

Earnings Share

4.41

Revenue Per Share

41.396

Quarterly Revenue Growth

(0.02)

The market value of Pinnacle West Capital is measured differently than its book value, which is the value of Pinnacle that is recorded on the company's balance sheet. Investors also form their own opinion of Pinnacle West's value that differs from its market value or its book value, called intrinsic value, which is Pinnacle West's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pinnacle West's market value can be influenced by many factors that don't directly affect Pinnacle West's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Pinnacle West's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pinnacle West is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pinnacle West's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Pinnacle Cash And Equivalents vs Capital Stock Analysis

Cash And Equivalents vs Capital Stock

Cash And Equivalents vs Capital Stock Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Capital Stock

Pinnacle West fundamental ratios Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West fundamental ratios Accounts

Pinnacle West Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Pinnacle Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Current Deferred Revenue	- 0.94	Common Stock
Current Deferred Revenue	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.88	Common Stock Total Equity
Current Deferred Revenue	- 0.87	Other Current Liab
Current Deferred Revenue	- 0.85	Retained Earnings
Current Deferred Revenue	- 0.85	Total Stockholder Equity